Global recession is last thing Asia needs right now

We talk to John Woods, Citi's chief investment strategist for Asia-Pacific, about the capital markets outlook for the region.
John Woods, Citi
John Woods, Citi

Recent price action has been brutal. Exactly what have Asia’s equity markets priced in
It’s been a difficult few weeks, and Asia’s equity markets have finally started singing from the same growth negative’ hymn sheet, long voiced by the region’s more cautious local currency bond markets.

Thus, in a relatively short space of time, Asian equity markets have migrated aggressively from pricing in a soft patch in developed markets, to a slowdown, to a recession. The ensuing re-pricing has been vicious, with the fall in equity markets from August 4 through August 11 being, by my reckoning, the biggest six-day sell-off since the MSCI Asia ex-Japan was...

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